• The company is doing a make-over of the used car market, with an interesting business model.
• The model has substantial leverage built in, some of which is already appearing even if the company is still in the hyper-growth build-out phase.
• Customer acceptance depends on quality assurance and seamless buying experience, and there are promising signs here.
• However, the company is using a lot of cash and the shares aren’t cheap.

Source: Carvana: The Amazon Of Car Buying? – Carvana Co. (NYSE:CVNA) | Seeking Alpha